Abacus Finance Group, a provider of cash flow-based, senior debt for sponsor-led investments in lower middle-market companies, served as senior secured credit facilities administrative agent and lead arranger in a senior debt financing to support WestView Capital Partners growth equity investment in Benefits All In, a provider of employee healthcare benefits navigation and risk management solutions. Abacus Finance Group also made an equity co-investment in Benefits All In.
“We relied on Abacus to move quickly and provide us with the exact financing solution we were looking for,” Kevin Twomey, partner of WestView, said. “They are a tried and true partner for us.”
Tim Clifford, CEO and founding partner of Abacus Finance, said, “We were delighted once again to partner with Westview and support their investment in Benefits All In and through our total partnership approach provide the custom financing solution they were seeking.”
Sean Mckeever, president and founding partner of Abacus, said, “Benefits All In is providing a unique but incredibly valuable service to employers and their employees. We believe the company has tremendous growth potential as they continue to assist employers in managing healthcare spend while improving outcomes for employees nationwide.”
Abacus Vice President Austin Rendell and Analyst Matthew Campanella also helped lead the transaction. Legal counsel was provided by Goulston & Storrs.
